Gannett Chairman Denies Takeover Bid

May 6, 1985|United Press International

MIAMI BEACH — Gannett Chairman Allen Neuharth denied Sunday that his newspaper group is involved in takeover negotiations with CBS or CNN.

Speaking to 200 Gannett publishers gathered for the annual convention of the American Newspaper Publishers Association, said reports have nearly every major public media company either about to be taken over, or about to take over somebody else.

``Much of this talk is fanned by financiers who hope to make quick deals by using `junk bonds` or other funny money,`` he said.